Post Office Schemes: In the midst of the Corona crisis, everyone wants to invest their money in such a place at this time, where they can get good interest as well as guarantee of security. If you are also looking for such an option, then post office is the best for you. At present, there are many special schemes in the post office for the customers, in which good interest is available.
Plans from kids to senior citizens
The specialty of the post office is that you have separate plans for children and senior citizens. Let us know 7 such superhit schemes. The biggest feature of these schemes is that some of these schemes also get the benefit of tax exemption under section 80C.
National savings certificate
This investment plan of the post office is quite popular. Investment in Post Office National Savings Certificate (NSC) currently earns 6.8 percent interest on an annual basis. The interest is calculated on an annual basis. The amount deposited in the National Savings Certificate is eligible for tax exemption under section 80C of the Income Tax Act. You can invest in this scheme for 5 years.
Post Office Fixed Deposit (FD)
In Post Office Fixed Deposit (FD), you can invest a lump sum amount for a fixed tenure. There is a facility to invest in post office time deposits for one to five years. In this, you take advantage of fixed returns and interest payments. Fixed Deposit (FD) accounts can be opened for four maturity periods – one year, two years, three years and five years. In this scheme, you can take advantage of tax exemption under section 80C of the Income Tax Act, 1961.
National Pension System
NPS is a retirement plan. It was started by the central government. Under Section 80C of the Income Tax Act, one can also take advantage of exemption up to Rs 1.5 lakh. It has the facility of investing in 6 different funds. There is no upper limit for investment in this. You can also invest Rs 500 in this scheme of the government. Under this scheme, the employee gets a lump sum amount at the time of retirement.
Sukanya Samriddhi Yojana is the best option to secure the future of your daughters. In this scheme, you are getting a return of 7.6 percent right now. It also gives the benefit of deduction of tax under Section 80C of the Income Tax Act on investments up to Rs.1.5.
Kisan Vikas Patra
It is a good option for small scale investment. Interest of 6.9 percent is now available on this savings scheme. Let us tell you that the return will be better in this but tax exemption is not available on it. Along with this, earlier it used to mature in 113 months, which has now been reduced to 124 months. Minimum 1000 rupees can be deposited in Kisan Vikas Patra. At the same time, there is no limit on the maximum investment.
Senior Citizen Savings Scheme
The post office also gives special facilities to senior citizens. 7.4 percent interest rate is available under this scheme. This scheme was started to give benefits to the people who are 60 or above. Under this scheme investment is made for five years. In this, you can deposit a minimum of one thousand rupees and invest a maximum of 15 lakh rupees. Investments under the Senior Citizen Savings Scheme are exempted from tax.
Public provident fund
Investing in the PPF scheme of the post office is considered the safest. Public Provident Fund (PPF) is a long-term investment scheme of 15 years, it currently offers compound interest of 7.1 per cent per annum. There is no minimum or maximum age limit to join this scheme. You can start investing in PPF with as little as Rs 500. The maximum annual amount that can be invested in this is up to Rs 1.5 lakh. Under this scheme, investment in PPF and the interest earned on it is tax-free under section 80C of the Income Tax Act.
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